Terex
A global manufacturer of equipment for materials processing, aerial access, environmental services, utilities, and related industrial applications.
Last updated August 31, 2026
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Overview
Terex Corporation is a United States-based industrial equipment manufacturer whose products support construction, infrastructure development, quarrying, mining, recycling, solid-waste collection, utilities, freight handling, and other heavy-duty applications. The company sells equipment under the Terex name and through a portfolio of specialist brands, including Genie, Powerscreen, Finlay, Fuchs, Terex Utilities, Heil, Marathon, CBI, Ecotec, and ZenRobotics. The company’s roots extend to the Euclid Company, founded in 1933 by George A. Armington to manufacture heavy hauling dump trucks. General Motors acquired Euclid in 1953, but United States antitrust action in 1968 required GM to stop producing and selling certain off-highway trucks domestically and to divest the Euclid brand. GM created the Terex name for construction equipment and trucks outside the restricted business, combining the Latin words for earth and king. After the Terex division passed through the German company IBH Holding AG and returned to GM following IBH’s bankruptcy, Randolph W. Lenz acquired Terex USA in 1986. Terex Corporation was incorporated that year and became the parent of Northwest Engineering Company after a 1988 merger. Terex subsequently developed through acquisitions, internal product launches, and disposals. Its expansion included the purchase of Powerscreen, Finlay, Simplicity, Franna, Genie, Fuchs, and other businesses. The company also entered mining equipment through the acquisition of O&K’s mining business, later selling that activity to Bucyrus in 2010. Under Ron DeFeo and, from 2015, John L. Garrison Jr., Terex increasingly focused its portfolio on specialized equipment categories rather than attempting to cover every segment of heavy construction machinery. As described in company reporting for 2025, Terex operated through three principal reportable segments: Materials Processing, Aerials, and Environmental Solutions. Materials Processing covers crushing, screening, washing, conveying, recycling, biomass, wood processing, concrete and paving equipment, material handlers, and several crane categories. Aerials manufactures mobile elevating work platforms and telehandlers, marketed principally under the Genie brand. Environmental Solutions serves waste collection, recycling, utility construction, and related digital-services markets, with products such as refuse bodies, cart lifters, compactors, balers, digger derricks, insulated aerial devices, and software. Terex completed its acquisition of the Environmental Solutions Group from Dover Corporation in October 2024. That transaction broadened the company’s presence in solid-waste and recycling equipment and added brands including Heil, Marathon, Curotto-Can, Bayne Thinline, 3rd Eye, and Soft-Pak. The business is global, with manufacturing, distribution, service, and customer activity across major industrial markets. Its positioning emphasizes application-specific engineering, equipment uptime, dealer and service support, and a broad multi-brand offering for contractors, municipalities, utilities, recyclers, and infrastructure operators.
History
Terex’s industrial lineage is commonly traced to the Euclid Company, established in 1933 by George A. Armington to build heavy hauling dump trucks. General Motors bought Euclid in 1953, at a time when Euclid held a substantial share of the United States off-highway dump-truck market. In 1968, a United States Department of Justice ruling required GM to withdraw from the domestic manufacture and sale of certain off-highway trucks for four years and to divest the Euclid brand. GM responded by creating the Terex name for construction equipment and trucks not covered by the ruling. The name combined the Latin terms for earth and king. The Terex business changed ownership in the following decades. IBH Holding AG acquired the Terex division in 1980, but entered bankruptcy three years later. GM regained the brand and reorganized operations in Scotland, Brazil, and the United States. Randolph W. Lenz bought Terex USA in 1986 and exercised an option to acquire Terex Equipment Ltd. in 1987. In 1988, Lenz merged Northwest Engineering Company, his principal construction-equipment asset, into Terex Corporation, making Terex the group’s parent entity. Terex Corporation was incorporated in 1986 and listed on the New York Stock Exchange in 1991. The company pursued a broad acquisition strategy during the 1990s and 2000s. In 1997 it acquired O&K’s mining business, including the RH 400 hydraulic excavator, then described as the world’s largest hydraulic excavator. Terex sold the mining business to Bucyrus in 2010. Earlier and later purchases added crushing, screening, roadbuilding, cranes, aerial access, material handling, and concrete-equipment capabilities. Important additions included Powerscreen, Finlay, Simplicity, Franna, Canica, Jaques, Bid-Well, Genie, Fuchs, and Advance Mixer. Terex also used divestitures to reshape its portfolio. The company sold its mining segment in 2010, roadbuilding businesses to Bomag in 2013, and its heavy-haul truck business to Volvo Construction Equipment in the same year. Volvo later developed that truck business under the Rokbak name. Terex sold its MHPS port-handling business in 2017, disposed of its UK construction machinery operations to Mecalac, and sold the Demag cranes business in 2019. These transactions reduced exposure to some capital-intensive or cyclical activities while reinforcing specialized equipment platforms. From 2015, chief executive John L. Garrison Jr. continued the company’s transformation through acquisitions, new-business development, and disposals. Terex added CBI and Ecotec in 2015 and, between 2020 and 2023, acquired or developed businesses and brands including MDS, Steelweld, ZenRobotics, ProAll, and MARCO. The result was a multi-brand industrial portfolio spanning aggregates, recycling, biomass, aerial access, utilities, and related applications. In October 2024, Terex acquired Environmental Solutions Group from Dover Corporation. ESG brought refuse-collection bodies, cart-lifting systems, compactors, balers, recycling equipment, waste-hauler software, and utility products into the group. The transaction helped establish Environmental Solutions as a major Terex reporting segment alongside Materials Processing and Aerials. Simon Meester, formerly associated with Genie and the Aerial Work Platforms segment, became president and chief executive officer in January 2024. Terex announced a proposed merger with REV Group in October 2025 and indicated that it was considering a spin-off of Genie; the referenced materials do not establish the final status of those proposed transactions.
- 2024
Environmental Solutions Group acquired
[1]Terex completed its acquisition of Environmental Solutions Group from Dover Corporation.
- 2019
Demag cranes business sold
[1]Terex divested its Demag cranes business.
- 2015
CBI and Ecotec added
[1]Terex expanded its materials-processing and recycling portfolio through the addition of CBI and Ecotec.
- 2013
Roadbuilding and heavy-haul businesses divested
[1]Terex sold roadbuilding units to Bomag and its heavy-haul truck business to Volvo Construction Equipment.
- 2010
Mining segment sold
[1]Terex sold its mining business to Bucyrus as part of a portfolio refocus.
- 2002
Genie acquired
[1]Terex acquired Genie, which became the group’s principal aerial-work-platform brand.
- 1997
O&K mining business acquired
[1]Terex acquired O&K’s mining equipment business, including the RH 400 hydraulic excavator.
- 1991
Public listing
[1]Terex Corporation became listed on the New York Stock Exchange.
- 1986
Terex Corporation incorporated
[1]Terex Corporation was incorporated, while Randolph W. Lenz acquired Terex USA.
- 1968
Terex name created
[1]GM created the Terex name after antitrust action affecting its off-highway truck operations.
Products and positioning
A diversified, application-focused industrial equipment group serving construction, materials processing, aerial access, utilities, waste, recycling, and infrastructure customers through a portfolio of established specialist brands.
Materials-processing equipment
Materials Processing
This portfolio includes crushers, screens, washing systems, trommels, apron feeders, conveyors, material handlers, recycling machinery, biomass and wood-processing equipment, concrete mixer trucks, pavers, and selected cranes. It is marketed through brands such as Terex, Powerscreen, Finlay, Fuchs, EvoQuip, Canica, CBI, Simplicity, Ecotec, ProStack, Terex Washing Systems, Terex MPS, Terex Advance, and ZenRobotics.
Aerial work platforms
Genie
Genie is Terex’s principal aerial-access brand. Its equipment includes mobile elevating work platforms and telehandlers used by construction, maintenance, industrial, and infrastructure customers that require temporary access and elevated work positioning.
Utility equipment
Terex Utilities
Terex Utilities supplies equipment for electric-utility construction and maintenance, including digger derricks, insulated aerial devices, self-propelled articulating insulated booms, and camera or smart-technology systems.
Waste and recycling equipment · 2024
Environmental Solutions
The Environmental Solutions portfolio serves solid-waste collection and recycling operators with refuse bodies, hydraulic cart lifters, automated carry cans, compactors, balers, recycling systems, software, and related fleet or route-management technologies. Key brands include Heil, Marathon, Curotto-Can, Bayne Thinline, 3rd Eye, and Soft-Pak.
Controversies
1992
Allegations over alleged Iraqi military vehicle production
Richard Carl Fuisz alleged that military vehicles had been built at a Terex-owned Scottish facility for intelligence-related purposes and eventual Iraqi military use. Terex denied the allegations and filed a libel complaint against Fuisz and journalist Seymour M. Hersh. Multiple investigations, including a federal task-force investigation, resulted in no legal charges. The New York Times later published an editor’s note expressing regret that its reporting had created the impression that Terex supplied Scud missile launchers to Iraq.
Brand decisions
2025
Proposed REV Group merger and Genie separation reviewM&ABackground
Terex announced a strategic combination with REV Group while reviewing the future ownership structure of its Genie aerial-lifts business.
Action taken
The company announced plans to merge with REV Group and stated that it was looking to spin off Genie.
Aftermath
The referenced material does not provide a confirmed final outcome for the proposed transactions.
2024
Environmental Solutions Group acquisitionM&ABackground
Terex sought to expand its presence in waste, recycling, utility, and environmental equipment.
Action taken
Terex completed the acquisition of Environmental Solutions Group from Dover Corporation.
Aftermath
Environmental Solutions became one of Terex’s three principal reportable segments and added a substantial portfolio of waste and recycling brands.
Purchase price. $2 billion (2024 acquisition)
2013
Roadbuilding and heavy-haul portfolio exitsStrategyBackground
Terex continued to reshape its portfolio through targeted disposals.
Action taken
Roadbuilding units were sold to Bomag and the Terex Trucks heavy-haul business was sold to Volvo Construction Equipment.
Aftermath
Volvo later rebranded the heavy-haul business as Rokbak.
2010
Divestment of mining segmentM&ABackground
Terex had expanded into large mining equipment through the O&K acquisition but later chose to exit the mining segment.
Action taken
The mining business was sold to Bucyrus.
Aftermath
The divestment reduced Terex’s exposure to mining equipment and supported a more focused multi-segment portfolio.
Recent events
- 2025
Terex announces planned merger with REV Group and potential Genie separation[1]
M&A
Terex announced a planned combination with REV Group and stated that it was evaluating a separation of its Genie aerial-lifts business.
- 2024
Terex completes acquisition of Environmental Solutions Group[1]
M&A
Terex completed its purchase of Environmental Solutions Group from Dover Corporation, expanding into refuse collection, recycling, environmental equipment, and related software.
- 2024
Terex appoints Simon Meester as president and chief executive officer[1]
Leadership change
Simon Meester, previously associated with Genie and Terex’s Aerial Work Platforms business, became president and chief executive officer.
- 2004
Terex and American Truck Company receive military vehicle contracts[1]
Other
American Truck Company, a Terex joint venture, was associated with contracts involving medium tactical trucks for Israel’s Ministry of Defense and prototype logistics vehicles for the U.S. Marine Corps.
Sources6 sources
- 1Terexen.wikipedia.org
- 2Terex corporate websiteterex.com
- 3Londonderry: Terex opens new Campsie factorybbc.co.uk
- 4Terex confirms plans to cut jobs and salaries in response to Covid-19irishnews.com
- 5Terex Corporation Announces Pricing of Private Offering of $600 Million of 5.00% Senior Notes Due 2029prnewswire.com
- 6Terex donates engine, axles for heavy equipment, diesel majorslockhaven.com
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